£765 million ($1.04 billion USD) of real estate transactions took place in the West End in the first quarter of 2018 compared to £2.13 billion ($2.89b USD) in Q1 2017 -- a 64 percent annual drop.
According to a new report JLL, despite trade tensions and elevated stock market volatility, investors are still seeking value in real estate with global investment in the first quarter of 2018 hitting the highest Q1 level in 10 years at $165 billion.
Investment volumes into the UK's specialist property sector have significantly increased to reach an unprecedented £17.7 billion, a 40% increase on last year, and will continue to increase.
UK, Germany and Spain are the three most attractive hotel investment destinations in Europe, with more than two-thirds (69%) of investors identifying these markets as the preferred countries for hotel investment in 2018.
According to global hotel industry consultant STR, there are 184,299 hotels comprising 16,966,280 million rooms around the world in the first quarter of 2018. That number of rooms represents a 17.7% increase over the last 10 years.
According to the latest research from global property adviser Knight Frank, European commercial property investment hit €231.8 billion in 2017 after €80.7 billion was transacted in Q4, resulting in an 8.4 per cent increase on last year.
According to Chinese international property portal Juwai.com, the post-Brexit referendum boom in Chinese property buying inquiries still persists, even 18 months after the vote on June 23, 2016.
Total European hotel investment volumes increased by 33% year-on-year, for the third quarter of 2017. This contributed to a 16% year-on-year increase on the year- to-date.
According to CBRE, Tokyo, New York and Los Angeles are the world's largest commercial real estate investment markets, with the global stock of investable commercial real estate assets standing at $27.5 trillion.
According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world.
Office rents in London's skyscrapers are the highest in Europe as companies continue to pay a premium for space in the city's tallest buildings.
29 percent of real estate professionals are now feeling optimistic about UK's commercial real estate market.
Global real estate consultant Knight Frank is reporting since the UK's vote to leave the EU in June 2016, there has been widespread concern that jobs might leave the UK, or firms will delay recruitment.
According to international real estate consultant Knight Frank, buyers from Hong Kong have purchased £2.2 billion ($2.86b USD) of office buildings in the City of London over the first half of the year.
Substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new record-high
According to global real estate advisor Knight Frank, office skyscrapers in Hong Kong are the most expensive commercial real estate assets in the world in 2017.
According to CBRE Research's latest annual Global Prime Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime office occupancy costs again.